feanor1024
Limp Gawd
- Joined
- Aug 11, 2004
- Messages
- 161
AMD posted their 10-K. Here's an excerpt from pages 29 and 30:
Could Microsoft buy out AMD if it came to it? At the least wouldn't they buy out AMD's graphics IP at auction to continue production of Xbox 360s?
We may not be able to generate sufficient cash to service our debt obligations.
Our ability to make payments on and to refinance our debt, or our guarantees of other parties’ debts, will depend on our financial and operating performance, which may fluctuate significantly from quarter to quarter, and is subject to prevailing economic conditions and financial, business and other factors, many of which are beyond our control. We cannot assure you that we will continue to generate sufficient cash flow or that we will be able to borrow funds in amounts sufficient to enable us to service our debt or to meet our working capital and capital expenditure requirements. If we are not able to generate sufficient cash flow from operations or to borrow sufficient funds to service our debt, we may be required to sell assets or equity, reduce capital expenditures, refinance all or a portion of our existing debt or obtain additional financing. We cannot assure you that we will be able to refinance our debt, sell assets or equity or borrow more funds on terms acceptable to us, if at all.
Could Microsoft buy out AMD if it came to it? At the least wouldn't they buy out AMD's graphics IP at auction to continue production of Xbox 360s?